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Coastal Cafe, Coffee Shop & Restaurant With Accommodation For Sale

Devon, UK
Asking Price:
£85,000 Furniture / Fixtures included
Sales Revenue:
£197,598
Cash Flow:
Available on request

A thriving and extremely well-regarded café, coffee house and restaurant, which is presented to a high standard throughout, benefitting from considerable investment over recent years. The business offers potential for incoming operators to purchase an attractive and sought-after business with the benefit of an impressive self-contained 2/3-bedroom owners’ apartment. The business enjoys an excellent reputation and has been purposefully fitted and equipped to a high standard throughout with a modern contemporary feel. The attractive premises briefly comprise: - Main Café/Restaurant Area comfortably seating 40 customers with a Covered Terrace to the front providing alfresco seating for a further 8 customers; substantial Customer Servery Area; fully equipped Commercial Catering Kitchen and various ancillary facilities; spacious and well-presented Self-Contained, Family Sized 2/3 Double Bedroom Owners Apartment with Sitting Room, fully fitted Kitchen, Bathroom, Separate WC and Private Roof Terrace Area. The property also benefits from Private Parking and a Garage/Store Room. The sale offers undoubted potential for new owners to build on the existing levels of trade with opportunities to develop the style of trade to suit their own personal requirements and take advantage of this highly desirable catering business in a prominent High Street location within this highly sought-after East Devon coastal town.

Property Information

Property:

Leasehold

Lease Terms:

The business is held on a 10-year lease which commenced in 2020 with a current rent of £20,250 per annum. We understand that the lease is fully renewable at the end of the current term.

Leasehold Rent:

£20,250 per annum

Living Accommodation:

Spacious and well-presented Self-Contained, Family Sized 2/3 Double Bedroom Owners Apartment with Sitting Room, fully fitted Kitchen, Bathroom, Separate WC and Private Roof Terrace Area. The property also benefits from Private Parking and a Garage/Store Room.

Location:

A lucrative prime trading location with a visible frontage within the main High Street in a much sought after and highly regarded coastal town and probably one of the busiest tourist locations within East Devon.

Energy Performance Rating:
E

Business Operation

Years established:
40+

Contact Stonesmith

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